Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of network equipment provider Ixia (NAS: XXIA) rose nearly 11% in early trading before closing up 7.7% on positive analyst comments.
So what: Ixia and a handful of peers rallied when Piper Jaffray issued a note saying JDS Uniphase (NAS: JDSU) could report surprisingly good fiscal second quarter results, Bloomberg reported. The implication? Earlier flooding in Thailand hasn't had as much of an impact as first expected.
Now what: Other peer group winners included Aeroflex Holding (NYS: ARX) , up 9%, and Juniper Networks (NAS: JNPR) , up 5%. Ixia outperformed both, but it's also the cheapest of the three when you factor in expected growth. Does it matter? Which of these networking stocks would you buy, if any? Please weigh in using the comments box below.
Interested in more information about Ixia? Add it to yourwatchlist.
At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.